ASHAPURA INTIMATES FASHION
This company manufactures intimate –loungewear garments, Sleep wear, bathrobes, sports wear,and women innerwear under the brand name of Valentine. It has chalked itself an aggressive growth plan and seems to be on a store opening spree; its target is 200 Valentine loungewear retail showrooms all over India within 3 years on franchise basis. The company had gone public in March 2013, offering shares at Rs.40/share and was listed on the SME exchange of BSE. On 2nd Dec’15 to be precise, the company got listed on the NSE and it is currently traded at Rs.416 levels, indicating a superb gain since its listing in 2013.
On the financial front, the company has done well. For Q2FY17, on a 18% (YoY0 rise in total income at Rs.61 crore, the company’s EBITDA came in at Rs.9 crore, up 12%. Net profit was at Rs.4 crore, up 14%.
The good news here – H1FY17 net profit is at Rs.7 crore, which is 58% of FY16 net profit of Rs.12 crore. With two more quarters to go, it could end current fiscal on a much better note. Debt is at around Rs.50 crore and market cap is at Rs.810 crore. As at 30th Sept 2016, promoters hold 68% stake.